Tata Nano booking opens today

The People’s Car has opened the booking from April 09,2009. Last date of booking your nano car is 25th April,2009.

Price of Tata Nano in Delhi


Booking Amount

Tata Nano Std.           Rs.95,000

Tata Nano CX             Rs.120,000

Tata Nano LX              Rs.140,000

Book Tata Nano ONLINE

You can book Nano online through company’s website. However, you cannot use credit or debit cards for payment of booking amount. You can use only Net Banking as a mode a payment. Click here to book Nano Online

Financing of Nano Booking amount

Canara Bank and United Bank of India emerge as good options

Tata Motors has entered into agreements with 18 preferred banks/NBFCs to enable prospective customers to get finance and facilitate booking of the car. The  lowest finance charge has been announced by Canara bank at Rs. 2850. SBI will charge 2,999 for financing the booking amount.

Those who are themselves paying the entire booking amount can submit their application forms  directly to State Bank of India through 1,350 notified branches in 850 cites, and also at Tata Motors Passenger Car dealerships, Westside and Croma outlets.

Post the successful allotment of the bookings, customers can convert their booking loan into a retail auto loan for the Tata Nano at very attractive rates with the preferred financiers. In this category United Bank of India has emerged as a best option as it offers conversion at 9% interest Loan.  Canara bank will charge 9.5% –11% depending on customer profile.

Deliveries of Nano Car to begin in July

Within 60 days of the closure of bookings on April 25th , 2009, Tata Motors will process and announce the allotment of 100,000 cars in the first phase of deliveries, through a computerized random selection procedure. These 100,000 allotments will be price protected for the launch prices till delivery of the cars but the booking amounts will not bear any interest for the customers. Deliveries will commence from July 2009.

Applicants have the option to retain their booking deposit, even if they do not get allotment in the first phase. Those who choose this option will be eligible for interest on their deposit, effective from the date of announcement of allotment of the second phase, at a rate of 8.5% for retention period between one year to two year and 8.75% for a retention period of more than 2 years. Allotment of retainees will be simultaneously communicated, along with the allotment of the first 100,000 cars.

Any Questions on Tata Nano ?

If you have any questions or queries about Tata Nano Car, I would suggest that you read the Frequently Asked Questions posted on Nano’s Website. The company has prepared Answers to a large numbers of questions that could be asked about the Car including its specifics, performance, safety, mileage, speed and a whole lot of other questions. Read the Frequently asked questions and their answers here